Open Banking Brasil
Open Banking Brasil (Associação Open Finance) is the regulator-mandated non-profit association governing Brazil's national Open Finance ecosystem, providing standardized FAPI-based APIs, certification, and dispute resolution to financial institutions and consumers.
- Company typePrivate
- Founded2020
- HeadquartersBrasília, Brazil
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
Open Banking Brasil firmographics
Firmographics- Name
- Open Banking Brasil
- Legal name
- Associação Open Finance
- Website
- https://openfinancebrasil.org.br
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Open Banking Brasil (Associação Open Finance) is the regulator-mandated non-profit association governing Brazil's national Open Finance ecosystem, providing standardized FAPI-based APIs, certification, and dispute resolution to financial institutions and consumers.
- Ownership category
- akta.pro rank
Where Open Banking Brasil is headquartered
LocationHeadquarters
- HQ city
- Brasília
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Open Banking Brasil business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Distribution channels3 records
Marketing channels5 records
Open Banking Brasil product offering
Product offeringCore offering
Open Finance Brasil operates the regulated infrastructure for standardized sharing of financial data and services through APIs across Brazilian financial institutions. It provides Data Sharing APIs (Phase 2) for customer and transactional data, Payment Initiation APIs (Phase 3), and Participant Directory, Service Desk, Dispute Resolution Platform, Citizen Dashboard, and Sandbox tools that enable secure, consent-based interoperability between banks, payment institutions, cooperatives, and fintechs.
Product overview
Open Finance Brasil is a regulatory initiative by the Banco Central do Brasil to promote open banking/finance in Brazil through a governed ecosystem. The organization operates a multi-platform infrastructure consisting of: the main Portal serving as the central information hub for citizens, participants, and developers; the Participant Directory (Diretório de Participantes) for institutional registration; the Service Desk for technical support; the Dispute Resolution Platform for inter-participant conflicts; the Citizen Dashboard for ecosystem metrics visualization; and the Sandbox for pre-production testing. The core technical offering comprises Data Sharing APIs (Phase 2) for customer data exchange and Payment Initiation APIs (Phase 3) for payment services, all governed by comprehensive technical manuals and security certifications. The ecosystem follows a phased implementation approach from public data sharing (Phase 1) through to extended services including investments and insurance (Phase 4), with governance transitioned to the Associação Open Finance Association in January 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Portal do Open Finance Brasil The main official portal serving as the central hub for Open Finance Brasil, providing information for citizens, participants, and developers about the open finance ecosystem, governance, regulations, and participation processes.
- Diretório de Participantes (Participant Directory) Central registry of all Open Finance participants that enables institutions to register their participation and allows consumers to identify participating institutions and their certified APIs.
- Service Desk Support platform for participants providing ticket management, incident reporting, service availability notifications, and FAQ documentation for technical issues and directory interactions.
- Plataforma de Resolução de Disputas (Dispute Resolution Platform) Platform for resolving disputes between Open Finance participants through self-composition, with arbitration through CAM-CCBC as the secondary mechanism, governed by principles of confidentiality, security, efficiency, and good faith.
- Dashboard do Cidadão (Citizen Dashboard) Visual dashboard presenting Open Finance ecosystem data and metrics through interactive charts, enabling citizens to monitor adoption and usage statistics of open finance in Brazil.
- Data Sharing APIs (Phase 2) Suite of APIs enabling sharing of customer registration and transactional data including personal/business data, account information, balances, credit card data, loan contracts, and investment positions across financial institutions.
- Payment Initiation APIs (Phase 3) APIs enabling payment initiation services allowing consumers to make payments through third-party applications without accessing their bank's direct interface, supporting Pix and other payment methods.
- Sandbox Environment Testing environment provided for financial institutions and fintechs to validate their Open Finance implementations before production deployment.
Quantifiable outcome
- Increased competition in Brazilian financial sector through standardized data sharing
- +2 more outcomes
Companies that use Open Banking Brasil
Customer profileSegments4 records
Ideal customer profiles3 records
Open Banking Brasil technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Open Banking Brasil partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core.
- Febraban (Federação Brasileira de Bancos)coreFebraban represents major Brazilian banks and participates in the governance structure, indicating representatives for the Conselho de Administração (Seat 1.1)
- ABBC (Associação Brasileira de Bancos)coreABBC participates in governance indicating representative for the Conselho de Administração (Seat 1.2)
- OCB (Organização das Cooperativas Brasileiras)coreOCB represents cooperative banks in governance structure (Seat 1.3)
- Abecs (Associação Brasileira das Empresas de Cartões de Crédito e Serviços)coreAbecs represents credit card companies in governance (Seat 2.1)
- Abipag and Abranet and Câmara-e.netcoreJoint representation for payment institutions and internet associations in governance (Seat 2.2)
- ABCD and ABFintechscoreJoint representation for digital credit and fintech associations (Seat 2.3)
- INITcoreINIT participates in the independent seats of the governance structure
- ZETTAcoreZETTA participates in the independent seats of the governance structure
- Open ID Foundation (OIDF)coreManages and publishes security certificates for Open Finance Brasil through their certification program for FAPI and DCR standards
- CAM-CCBC (Centro de Arbitragem e Mediação da Câmara de Comércio Brasil – Canadá)coreSecondary phase dispute resolution mechanism through arbitration for disputes not resolved in the platform's self-composition stage
- Banco Central do BrasilcoreThe central bank is the founding regulator establishing Open Finance regulations and supervising the ecosystem
Scale indicators3 records
Recent moves8 records
Expansion highlights4 records
Open Banking Brasil competitors and assessment
Company assessmentDirect peers
- Open Banking Implementation Entity (OBIE): UK's Open Banking Implementation Entity was the CMA-mandated governance body for open banking in the UK, now transitioned to the Open Banking Limited Company. Directly comparable as a regulatory-mandated industry body governing open banking API standards, participant onboarding, and ecosystem development. Both operate under central bank/regulatory authority mandates with multi-stakeholder governance.
- Berlin Group (Open Finance): European banking industry coalition that develops NextGenPSD2 and other open finance API standards adopted across European markets. Comparable as a multi-country API standards body with PSD2/Open Banking alignment, though it operates as a vendor consortium rather than a single-country regulatory body.
- FDX (Financial Data Exchange): North American industry alliance developing the FDX API standard for financial data sharing, with over 200 member organizations. Comparable as an industry-led open finance API standards body, though operating without the explicit regulatory mandate that Open Finance Brasil enjoys.
Broad incumbents
- Consumer Financial Protection Bureau (CFPB) - Section 1033: US federal agency that issued the Section 1033 rule on personal financial data rights, establishing open finance-like requirements for US banks. Comparable as a regulatory body driving open finance implementation, though it operates as a government agency rather than an industry association and covers a broader consumer protection mandate.
Regional players
- Salafi Fintech (Saham Group) / Account Aggregator Framework India: India's Account Aggregator ecosystem, governed by RBI regulation and operated by multiple licensed AA entities (including entities backed by Saham Group). Comparable as a regulator-mandated, multi-entity open finance data sharing framework in an emerging market, with similar phased implementation and consent-based architecture.
- Consumer Data Standards (Australian CDR): Australia's Consumer Data Right framework administered by the ACCC and Treasury, covering banking, energy, and telecommunications data sharing. Comparable as a government-mandated open data initiative with sector-by-sector expansion, though the CDR operates as a regulatory program rather than an industry-led association.
- Monetary Authority of Singapore (MAS) - Finance-as-a-Service: Singapore's approach to open finance and embedded finance, overseen by MAS through its Finance-as-a-Service (FaaS) initiative. Comparable as a central-bank-driven open finance framework in an emerging market context, though implemented through regulatory guidance rather than a dedicated industry association.
Emerging players
- Plaid: Major open banking API infrastructure provider operating across multiple markets. While a commercial entity rather than a regulatory body, Plaid provides the same core functionality (account aggregation, payment initiation APIs) that Open Finance Brasil governs, making it a relevant commercial counterpart operating in adjacent spaces.
Others
- Open ID Foundation (OIDF): Open standards body that manages the FAPI security certification program for Open Finance Brasil. A direct technology partner and standards-setting ally rather than a competitor — relevant as the certification authority that enables ecosystem participation.
- Pix (Banco Central do Brasil): Brazil's central bank-operated instant payment system that is integrated with Open Finance's payment initiation APIs (Phase 3). While a payment rail rather than a data sharing framework, Pix is a critical ecosystem enabler and potential substitute for some Open Finance use cases, making it an important adjacent infrastructure to understand.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Open Banking Brasil social profiles
Digital presenceOpen Banking Brasil compliance and trust
Trust signalCompliance2 records
Open Banking Brasil financial estimates
Financial estimateRevenue estimate
Valuation estimate
Open Banking Brasil leadership team
Management profileNumber of profiles
Profiles16 records
Open Banking Brasil funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Open Banking Brasil M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Open Banking Brasil
What does Open Banking Brasil do?
Open Finance Brasil operates the regulated infrastructure for standardized sharing of financial data and services through APIs across Brazilian financial institutions. It provides Data Sharing APIs (Phase 2) for customer and transactional data, Payment Initiation APIs (Phase 3), and Participant Directory, Service Desk, Dispute Resolution Platform, Citizen Dashboard, and Sandbox tools that enable secure, consent-based interoperability between banks, payment institutions, cooperatives, and fintechs.
Is Open Banking Brasil a public or private company?
Open Banking Brasil is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Open Banking Brasil founded?
Open Banking Brasil was founded in 2020. It employs 501 to 1,000 people.
Where is Open Banking Brasil based?
Open Banking Brasil is headquartered in Brasília, Brazil, in the Latin America region.
Who are Open Banking Brasil's main competitors?
Direct peers on record are Open Banking Implementation Entity (OBIE), Berlin Group (Open Finance) and FDX (Financial Data Exchange). Consumer Financial Protection Bureau (CFPB) - Section 1033 is listed as a broad incumbent. Regional players are Salafi Fintech (Saham Group) / Account Aggregator Framework India, Consumer Data Standards (Australian CDR) and Monetary Authority of Singapore (MAS) - Finance-as-a-Service. Plaid is listed as an emerging player. Others are Open ID Foundation (OIDF) and Pix (Banco Central do Brasil).
Does Open Banking Brasil have an API?
Yes. Open Finance Brasil operates a comprehensive API ecosystem enabling financial data sharing and payment initiation across Brazil's financial institutions. The API infrastructure supports multiple versions (1.0, 2.0, 3.0) and encompasses: Data Cadastrais e Transacionais APIs for customer data sharing (Phase 2); Iniciação de Pagamentos APIs for payment initiation services (Phase 3); Serviços APIs for credit proposal forwarding; and specific APIs for consents, resources, accounts, credit cards, loans, financings, unarranged overdraft, and invoice financings. The API ecosystem follows FAPI (Financial API) standards and uses DCR (Dynamic Client Registration) for security certification managed by Open ID Foundation. Developer documentation is at openfinancebrasil.atlassian.net/wiki/spaces/OF.